GBPUSD Potential Downsides

10 Tem 2023

Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.28100 zone, GBPUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get decent dips below the trend we would be looking for a potential retrace of the trend from 1.28100 support and resistance area. We have also important CPI data this week. in case of a soft CPI the plan should be canceled.
Trade safe, Joe.